NMR vs PROP
Numeraire and Propy scored on the same 25 variables, ranked against the same 251 tokens, with every gap between them shown.
Scoring pass 18 Sept 2026. Market snapshot 7 Oct 2026.
What separates them
NMR scores 98 of 250 and ranks 150th of 251. PROP scores 93 and ranks 177th. NMR leads by 5 points, which is inside the range where the individual variables matter more than the total. NMR takes 7 of the 25 variables, PROP takes 2, and 16 are level.
No single variable separates NMR and PROP by as much as 3 points. They are close on the framework's terms, which makes price, liquidity and the supply position below the only grounds for choosing.
Both score 3 or below on Protocol Revenue, Buyback and Burn, Real Staking Yield, TVL Trend, Active Users, Network Growth and 5 more. A weakness both sides share is not a reason to prefer either. It is a reason to check whether the category itself carries the problem.
NMR still has 34.8% of its eventual supply to enter circulation against 0% for PROP. On the same market capitalisation, a buyer of NMR is taking the 1.53x dilution path and a buyer of PROP the 1x one.
NMR is valued at $105.4M against $35.2M for PROP, a 3.0x difference. The larger of the two also scores higher, so the market and the framework agree on the ordering here.
All 25 variables, head to head
Both tokens were scored by the same framework in the same pass, so the numbers are directly comparable. What a comparison adds over two separate pages is the gap: a 6 against a 6 is a non-event, a 9 against a 3 is the reason to hold one and not the other.
Cash flow
| Protocol Revenue | 3 | 3 | level | |
| Revenue Trend | 3 | 4 | PROP +1 | |
| P/S Multiple | 4 | 4 | level | |
| Real Staking Yield | 3 | 2 | NMR +1 |
Supply
| Supply Inflation | 5 | 5 | level | |
| Vesting Schedule | 7 | 6 | NMR +1 | |
| Circulating / FDV Ratio | 7 | 6 | NMR +1 | |
| Buyback and Burn | 2 | 2 | level |
Ownership
| Smart Money Flows | 4 | 3 | NMR +1 | |
| Insider Selling | 5 | 5 | level | |
| Holder Concentration | 3 | 4 | PROP +1 |
Traction
| TVL Trend | 3 | 3 | level | |
| Active Users | 3 | 3 | level | |
| Developer Activity | 4 | 4 | level | |
| Network Growth | 3 | 3 | level |
Position
| Market Share | 3 | 3 | level | |
| Competitive Moat | 5 | 4 | NMR +1 | |
| Institutional Adoption | 3 | 3 | level | |
| Exchange Depth | 4 | 3 | NMR +1 | |
| Social Mindshare | 3 | 3 | level |
Risk
| Regulatory Safety | 5 | 5 | level | |
| Catalyst Calendar | 3 | 3 | level | |
| BTC Alpha Potential | 3 | 3 | level | |
| Team Execution | 5 | 4 | NMR +1 | |
| Treasury Runway | 5 | 5 | level |
Bars read outward from the centre: NMR to the left, PROP to the right. The side that leads a variable is filled. Each score is 1 to 10 against the same definition applied to all 251 rated tokens.
Market and supply
| NMR | PROP | |
|---|---|---|
| Price | $14.70 | $0.3521 |
| Market cap | $105.4M | $35.2M |
| Circulating | 65.2% | 100% |
| Dilution to full supply | 1.53x | 1x |
| Off all-time high | -84.2% | -93.2% |
| To recover the high | 6.3x | 14.7x |
| Total value locked | not published | not published |
| Network | Ethereum | Ethereum |
PROP now trades as PRO. The scoring pass ran under the old ticker, so the scores above are filed there while the market figures track the new one.
Price, market cap and all-time high from the CoinGecko snapshot fetched 7 Oct 2026. Supply shares are derived from circulating and eventual supply counts, which do not move with price. The 25 scores come from the research pass dated 18 Sept 2026.
Catalyst and risk on each side
NMR · PASS
AI-driven hedge fund tournaments and Numerai's staking mechanism attracting data scientists.
Low retail adoption; tokenomics reliant on tournament participation, not broad utility.
PROP · PASS
Real-world asset tokenization via PropyKeys; on-chain home sales and title deeds.
Low liquidity and volume; niche market dependent on real estate adoption cycles.
Common questions
- Is NMR or PROP the better investment?
- On this framework NMR scores higher: 98 against 93 of 250, and it is rated PASS against PASS. That is a ranking of fundamentals as recorded at the last scoring pass, not a price forecast, and NMR still wins 7 of the 25 individual variables against PROP.
- What is the biggest difference between NMR and PROP?
- Nothing separates them by more than 2 points on any of the 25 variables, which is unusual and means the two are close substitutes on fundamentals.
- Which is bigger, NMR or PROP?
- NMR is valued at $105.4M and PROP at $35.2M on the latest market snapshot.
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Research and analysis, not investment advice. A higher score is one framework applied consistently to 251 tokens, not a prediction that one asset will outperform the other.